BILL · 2007–08 SESSION · LATEST VERSION SSB 6317

SB 6317: Death benefits

Requiring the payment of interest upon failure to pay death benefits that are payable under the terms of a group life insurance policy.

Summary

  • Requires insurers to pay the proceeds of any benefits under a policy of group life insurance within 30 days of receiving satisfactory proof of the insured's death.
  • Requires insurers to pay interest on the proceeds if they are not paid within the 30-day period.

From the Substitute House Bill Report (SSB 6317), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 310, Laws of 2008
  1. IntroducedJan 15, 2008
  2. Out of committeeFeb 6, 2008
  3. Passed SenateFeb 16, 2008
  4. Passed HouseMar 7, 2008
  5. GovernorApr 1, 2008
  6. LawApr 1, 2008
Prime sponsor
Jean Berkey (D-38)
Introduced
January 15, 2008 in the Senate
Last action
April 1, 2008
Session law
Chapter 310, Laws of 2008
Versions
SB 6317, SSB 6317

AN ACT Relating to the payment of interest upon failure to pay death benefits that are payable under the terms of a group life insurance policy;

Sponsors

Prime sponsor: Jean Berkey (D-38)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

Senate · 3rd Reading & Final Passage

Passed February 16, 2008
Version voted on: SSB 6317
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat31001
Republican17000
How each member voted

House · Final Passage

Passed March 7, 2008
Version voted on: SSB 6317
94 Yea 0 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat62001
Republican32003
How each member voted

Yea (94)

History

  1. Effective date 6/12/2008. (SSB 6317)
  2. Chapter 310, 2008 Laws. (SSB 6317)
  3. Governor signed. (SSB 6317)
  4. Delivered to Governor. (SSB 6317)
  5. Speaker signed. (SSB 6317)
  6. President signed. (SSB 6317)
  7. Third reading, passed; yeas, 94; nays, 0; absent, 0; excused, 4. (SSB 6317)
  8. Rules suspended. Placed on Third Reading. (SSB 6317)
  9. Rules Committee relieved of further consideration. Placed on second reading. (SSB 6317)
  10. Passed to Rules Committee for second reading. (SSB 6317)
  11. IFCP - Executive action taken by committee. (SSB 6317)
  12. IFCP - Majority; do pass. (SSB 6317)
  13. First reading, referred to Insurance, Financial Services & Consumer Protection. (SSB 6317)
  14. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1. (SSB 6317)
  15. Rules suspended. Placed on Third Reading. (SSB 6317)
  16. 1st substitute bill substituted. (SSB 6317)
  17. Placed on second reading by Rules Committee. (SSB 6317)
  18. Placed on second reading by Rules Committee.
  19. 1st substitute bill substituted.
  20. Passed to Rules Committee for second reading. (SSB 6317)
  21. FI - Majority; 1st substitute bill be substituted, do pass. (SSB 6317)
  22. FI - Majority; 1st substitute bill be substituted, do pass.
  23. Passed to Rules Committee for second reading.
  24. First reading, referred to Financial Institutions & Insurance.

SB 6317 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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